Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
Schwab Charged for Failure to Stop Lapsed Advisor From Collecting Fees
By Melanie WaddellA third-party advisor continued to collect fees from Schwab clients for years after his registration lapsed, Massachusetts regulators said.
July 13, 2021
Grayscale Bitcoin Fund Advances ETF Plans With BNY MellonGrayscale Investments will use the bank's services upon the hoped-for conversion of its $21.5 billion Grayscale Bitcoin Trust.
July 02, 2021
Schwab's Former Headquarters Now on the MarketSchwab will keep its offices in the San Francisco building through April 2028, despite moving its base to Texas in January.
June 25, 2021
How to Become the Advisory Firm of the FutureNow is the time to "rethink the way work happens and where it happens," Altair Advisers' CEO says.
June 24, 2021
LPL Hits Milestone on $22B M&T Bank DealRoughly $14 billion of assets had been onboarded, and the remaining $8 billion should be moved over the next few months.
June 15, 2021
LPL Nabs $1.2B Team From UBSThe 10-member Puzzle Wealth Solutions team has joined LPL's BD, hybrid RIA and custodial platforms.
June 14, 2021
Schwab Assets Up 84% After Stock Surge, TD Ameritrade DealTotal client assets were about $7.4 trillion as of May 31, up from roughly $3.8 trillion a year earlier.
May 25, 2021
E-Trade's RIA Custody Unit Sold for a Song. What Happens Next?When Morgan Stanley chose to "unload" E-Trade Advisor Services, it birthed a new challenger to RIA custody giants.